What is the contribution of the costing dept. in a buisness organisation to improve its overall peformance?

Question

What is the contribution of the costing dept. in a buisness organisation to improve its overall peformance?

Answer 1

Lower the procurement price, higher the percentage of profit. It therefore is very much the most essential part of an organization to have prudent pricing of inputs and outputs for having a balance in profit percentage and customer satisfaction and retainment of old customers to fetch more for future.